Account Loan definition

Account Loan means a loan secured by the pledge of an
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Examples of Account Loan in a sentence

  • Interest or other income earned on funds in the Collection Account, Loan Combination Custodial Account and Mortgagor Accounts (to the extent consistent with the related Loan Documents), shall be paid to the Master Servicer as additional servicing compensation and interest or other income earned on funds in any REO Account shall be payable to the Special Servicer.

  • If required by ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ further agrees and authorizes Lender or its Servicer to collect required payments from a transfer account established pursuant to certain Transfer Account Loan Documentation that will be provided by Lender in connection with this Business Loan and Security Agreement if applicable.

  • If required by L▇▇▇▇▇, B▇▇▇▇▇▇▇ further agrees and authorizes Lender or its Servicer to collect required payments from a transfer account established pursuant to certain Transfer Account Loan Documentation that will be provided by Lender in connection with this Business Loan and Security Agreement if applicable.

  • If required by Lender, Borrower further agrees and authorizes Lender or its Servicer to collect required payments from a transfer account established pursuant to certain Transfer Account Loan Documentation that will be provided by Lender in connection with this Business Loan and Security Agreement if applicable.

  • Information on loan requirements and procedures are described in the ▇▇▇▇▇-▇▇▇▇▇▇▇▇ Capital 403(b)(7) Custodial Account Loan Program available from the Program Sponsor.

  • If required by ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ further agrees and authorizes Lender or its servicer to collect required payments from a transfer account established pursuant to certain Transfer Account Loan Documentation that will be provided by Lender in connection with this Business Loan and Security Agreement if applicable.

  • If required by Lender, ▇▇▇▇▇▇▇▇ further agrees and authorizes Lender or its servicer to collect required payments from a transfer account established pursuant to certain Transfer Account Loan Documentation that will be provided by Lender in connection with this Business Loan and Security Agreement if applicable.

  • If, pursuant to a determination by the Internal Revenue Service or a court, the Tracking Account Loan liability is reallocated from the General Partner in whole or in part to any or all of the Sithe Limited Partners, then a portion or portions of the aforementioned deduction corresponding to (and equal to) the reallocated portion or portions of the Tracking Account Loan liability shall likewise be reallocated to the Sithe Limited Partners, as the case may be.

  • For purposes of the foregoing sentence, an Account Loan shall be considered delinquent if such loan is more than sixty (60) days past due at the applicable time.

  • For this purpose, any deduction relating to the establishment of the Tracking Account Loan has been allocated to the portion of the taxable year of the Partnership ending immediately prior to the effective time of the acquisition by Cogeneration National Corporation of its former Interest in the Partnership.


More Definitions of Account Loan

Account Loan means any loan (plus interest accrued thereon through the Effective Time) resulting from a sum advanced to a customer on the sole security value of an Account other than a transaction account, as defined in the Federal Reserve Act and regulations, which are outstanding as of the Effective Time. An Account Loan is also sometimes referred to herein as a "Share Loan". Account Loan also includes overdraft lines of credit on accounts.
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Account Loan means any loan owned by WMBfsb as of the Closing Date that is either (i) secured by an account at a Banking Office together with all accrued but-unpaid interest and any accrued but unpaid late or other charges thereon or (ii) any overdraft balances on accounts at a Banking Office together with all accrued but unpaid interest and any accrued but unpaid late or other charges thereon ("Overdraft Loan").
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Account Loan shall have the meaning attributed thereto in Section 2.8.
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Account Loan means a loan owned by Seller as of the Closing Date that is fully secured by a Deposit Account and any Overdraft Loan.
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Account Loan means money that you provide to a Project through Lendwithcare when you have a Lender Account;
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Related to Account Loan

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • Note Account As defined in the Indenture.